5-13 Victoria Square, Worksop,Nottinghamshire, S80 1DX

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Fully let investment opportunity, with furtherdevelopment potential, and offering opportunities foractive management.

Summary:• Fully let

Four ground floor retail units and 6 flats• Residential accommodation to upper floors• Further residential development (STP)• Passing rent - £83,760 per annum• Net initial yield 9.74% assuming costs at 5.54%

Located on a busy junction• Close to town centre• May consider splitting

5-13 Victoria Square , Worksop

Key features

8 individual lettable units

Rateable Value - £34,625 (Excluding Residential)

EPC rating - D to G

Guide Price - £815,000

M i x e d U s e C o m m e r c i a l D e v e l o p m e n t

F u r t h e r d e v e l o p m e n t p o t e n t i a l ( S T P )

P a s s i n g R e n t a l - £ 8 3 , 7 6 0

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FOR SALE – 5-13 Victoria Square, Worksop, S80 1DX

Mixed use investment opportunityLocationThe property is located on the peripheries ofWorksop town centre, and situated frontingthe busy Victoria square, which connects themain arterial routes through the town , ofGateford Road, Carlton Road, Eastgate andWaston Road. Whilst this is a secondary retailposition, the area remains popular withretailers, due to the traffic movements andfootfall that the confluence of theaforementioned roads create . The site alsosits opposite a Matalan store, and is in closeproximity to a number of the town centrespubs and restaurants.

Worksop is a North Nottinghamshire Markettown, centrally positioned , and is within easyreach of the surrounding centres of Doncaster,Sheffield, Rotherham, Lincoln and Nottingham.The A1(T) road and A57 intersection are withinapproximately 20 minutes driving distance andthe M1,M18 and M62 are within easy reach.

DescriptionThis is a fully let mixed use investmentopportunity which is comprised of what wouldhave originally be en five retail units currentlyutilised as four, with separately accessedresidential accommodation over the first andsecond floors. To the left hand side of theproperty is a car park, which is included withinthe sale, which in turn leads to the rear of theproperty where there is a range of outbuildings,that are possibly suitable for development,subject to planning permission.

The buildings are constructed in traditionalmethods with brick elevations under a pitchedroof , with a mix of concrete tile and slatecovered roofs. The fenestration generally istimber and single glazed.

In addition to the income derived from thecommercial, residential and car park there is afurther income stream from the letting of anadvertising hoarding to the gable.

We believe this is a good opportunity for anInvestor looking to proactively manage the sitewith a view to regularising some of theoccupancy and maximising the income stream.In addition there is also the consideration of thedevelopment prospects on the rear outbuildings.

The residential accommodation varies in quality,with some of the flats having been redevelopedand others which would benefit from someredecoration.

Our client may consider the slitting of theproperty via the sale of 5-9 which incorporatesthe Betfred Unit and the takeaway with therelevant residential accommodation abovebeing included. Betfred are shortly to vacate thebuilding, and will be seeking a sub tenantassignment of the lease. Further details uponrequest.

AccommodationFisher German have not inspected all of theaccommodation offered. Where we have notinspected various elements of the property, thedimensions are provided by the The ValuationOffice Agency or derived from EPCs, and it willbe up to the purchaser to ensure thedimensions provided are accurate.

TenureWe understand that the property is freehold,and will be sold subject to the tenancies andleases currently in place at the time of sale.

Business RatesOur investigations have revealed that there arefive heriditaments as follows:

ServicesWe understand that mains water, drainageand electricity are understood to beconnected to the property,.

We must stress that none of these serviceshave been checked or tested.

Fixtures and fittingsAny fixtures or fittings not expresslymentioned within the confines of theseparticulars are excluded from the sale.

VATAll prices quoted are exclusive of, but maybe subject to VAT.

ViewingsStrictly by prior arrangement with theselling agents.

Unit Total (sqm) Total (sqft)

5 79 850.357, 7a & 9 292 3143.06

11 63 678.1313 146 1571.535a 93 1001.049a 106 1140.97

11a 104 1119.4513a 45 484.38

13b 54 581.25

Address Current RateableValue

5 Victoria Square £8100

7-9 Victoria Square £10500

11 Victoria Square £6100

13 Victoria Square £8900

Advertising Board £1025

Kevin Benson Ben Flint

For further info please contact:

07748 634848 07770 822770

Kevin.benson@fishergerman.co.uk ben.flint@fishergerman.co.uk

Doncaster 01302 243932 fishergerman.co.uk

FOR SALE – 5-13 Victoria Square, Worksop, S80 1DX

Fisher German LLPand any Joint Agents give noticethat:The particulars are produced ingood faith are set out as ageneral guide only and do notconstitute or form any part of anoffer or any contract. No personwithin Fisher German has anyauthority to make or giverepresentation or warranty onany property.

Property Tenant Use LeaseCommencement Lease Expiry Rent Passing

(per annum)

5 Betfred Betting Shop 21st Dec 2011 20th Dec 2021  £        11,000.00

7, 7a, 9 & 9a An IndividualTakeaway / Restaurant withtwo residential flats above

Verbal On-going  £        27,500.00

11 Individual Retail 27th May 2017 26th May 2023  £          6,500.0013 Two individuals Cards and gift shop 6th Sept 2013 5th Sept 2023  £        11,000.00

5a Three individuals Residential  £          5,700.00

11a Individual Residential  £          6,000.00

13a Individual Residential  £          4,500.00

13b Two individuals Residential  £          4,560.00

Car Park Individual Car Parking 8th July 2011 16th June 2026  £          4,000.00AdvertisingHoarding

Bartrop & Dilks Property ServicesLimited

Advertising 1st March 2018 30th April 2021  £          3,000.00